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CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

EUR/USD: CoT speculator bias unchanged

Both long and short positioning rises, keeping the percentage at a heavy long 73%.

EUR/USD Source: Bloomberg

EUR/USD Technical analysis, overview, strategies, and levels

After crossing but failing to finish above its 200-week moving average for its fourth consecutive week, the gains in EUR/USD's price were limiting as both euro and dollar were little changed against each other, Thursday's move off of the lows offering a conformist buy-on-fade opportunity but a break in its weekly pivot point failing to offer much. Of the little on offer on Friday, the ECB's (European Central Bank) Lagarde said she believed the world may be past the worst of the crisis absent a second wave, while Thursday's ECB minutes showed general agreement over asset purchase increases and division on size and timing. We've got US employment data this week which could entice contrarian breakouts over conformist reversals, as well as preliminary Eurozone CPI (Consumer Price Index) figures tomorrow.

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EURUSD TA Source: IG charts

IG client* and CoT sentiment for EUR/USD

Retail bias is still majority short, while the latest CoT (Commitment of Traders) figures show the bias is still heavy long with an increase in euro longs by 3,696 lots and shorts by 2,380 lots.

EURUSD sentiment Source: IG charts

EUR/USD Chart with retail and institutional sentiment

EURUSD chart Source: IG charts

*The percentage of IG client accounts with positions in this market that are currently long or short. Calculated to the nearest 1%, as of today morning 8am.

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